2022-03-31-accounts - Turning Tides Homelessness

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Reference and Administrative	Details	ofthe Charity, -	———————————3
itsTrustees and Advisers
Trustees' Report-			--- - -—————4-19
Independent Auditor's Report-		—————————-- -—-————————————20-22
Statement ofFinancial Activities-			——-23
Balance Sheet- ————————————————————————————————————————————24
Statement ofCash Flows-			——-——-25-26
Notes tothe Financial Statements-		———--———————————————————--————27-43

Trustees					Ian Mintram (Chair)	Ian Mintram (Chair)
					Richenda Kullar	(Company Secretary)
					Duncan Anderson
					Timothy Cooper
					Matthew Hodson (resigned July 2021)
					Moira James
					BillJones
					Jane Lodge
					Alwen Lyons
					Martin Quinn
					David Standing
Company	Registered			number	2708334
Charity Registered			number		1027832
Registered		office			Worthing Town	Hall
					Chapel Road
					Worthing
					West Sussex BN111HA
Company	Secretary				Richenda Kullar
Chief Executive Officer					John Holmstrom
Independent		Auditors			Sheen Stickland
					Chartered Accountants
					7East Pallant
					Chichester
					West Sussex PO191TR
Bankers					HSBC
					Goring Road
					Worthing
					West Sussex BN124AW

Average length of rough sleeping of new clients (in weeks)	16.8	5.8	6.6	14o
Number ofpeople rough sleeping at end ofQ4	23	16	42	162%
Number of new clients taking up high support residencies with Turning Tides	104	118	125	+6%
Average length ofstay in high support projects (in weeks)	39.5	29.3	26	11%
Total high support move ons	105	107	133	+24%
%planned high support departures	55%	66%	62%	-4%
Safeguarding alerts	29	22	20	-9
Accommodation:
Total high and medium support units of accommodation	77	97	102	+
Total low support units of accommodation	105	108	110	2%
%Occupancy high and medium support
accommodation	94%	94.8%	94.4%	-0.4%
%Occupancy low support
accommodation	87.5%	89.4%	82.5%	-69%
HR:
Voluntary staff turnover (restated)	18.3%	14.9%	29.8%	+14.9%
Staff sickness total average %working days lost	3.4%	3.2%	6.4/o	+3.2%
No oftraining sessions provided	20	101	103	2%
Health and Safety &Maintenance
	Data not
Health and Safety compliance	available	97%	99%	+2%
%Targeted response time achieved of
emergency maintenance tasks (days)— target of 1day	Data not available	Data not available	100o/	NA
%Targeted response time achieved of
urgent maintenance tasks (days) —target of7 days	Data not available	Data not available	88%	NA

Risk	Risk Action Plan
Failure to maintain consistent staffing levels	HR Strategy - various actions such as	salary review,
ofgood quality due to inability to attract	learning and development, employee	brand
and retain high quality staffing.	development, new recruitment initiatives, staff
	development, progression and well-being
	activities
Inability to end local homelessness and	Finding shared purpose, generating social
deliver mission due to increase in	movement to end local homelessness	in wider
homelessness following long term impact of	system and make good progress against our
the pandemic and austerity measures.	ambitions.
Pandemic/austerity results in sudden	Gain intelligence and influence wider	system and
change in commissioning ordrop in housing	new developments. Drive efficiency.	Ensure
benefit levels which renders services	Charity can adapt quickly to changed
unviable.	circumstances and new opportunities.	Increase
	investment in Business Development	capacity.

Increased homelessness	Increased homelessness	if Lyndhurst	if Lyndhurst	Road	Invest	in property development capacity
not re-provisioned	and	sufficient	move on		Pursue	application to register as Housing
housing procured.					Association. Ensure strong business plan can
					support	housing development.
Increase in homelessness		due to	lack	of	Identify	move on needs and in particular	clients
vacancies resulting	from	slow throughput			who are ready to move but restricted by lack of
within residential	services.				housing	opportunities. Implementation	ofPIE/co-
					production leading to higher and sooner		planned
					moves.	Increase move on options.

Reconciliation			2021	2022
			fk	fk
Management accounts surplus:			267	77
Non cash grant funding transferred		with the acquisition of2 client	618
properties (Move-on Housing)
Pandemic specific funding			321
West Hill, Ravenscourt Trust	and other smaller fund movements		nil	(115)
Net statutorysurplus/(deficit)	before	transfers	1,206	(38)

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	f	f	f	f
INCOME AND ENDOWMENTS	FROIVI
Donations and legacies		3	694,858	2,000	696,858	558,879
Charitable activities		5
Byron, Manor and Lyndhurst			1,496,779		1,496,779	1,448,256
Recovery Services			728,916		728,916	688,582
Move on Housing			1,286,537		1,286,537	1,728,537
Homelessness Services			1,070,674	205,334	1,276,008	1,219,925
Central			8,786	900	9,686	58,489
Fundraising			136,505		136,505	346,681
Investment income			1,565		1,565	906
Total			5,424,620	208,234	5,632,854	6,050,255
EXPENDITURE ON
Charitable activities
Byron, Manor and Lyndhurst			1,210,170		1,210,170	1,189,116
Recovery Services			616,598	27,423	644,021	568,688
Move on Housing			1,293,863		1,293,863	1,000,228
Homelessness Services			1,035,360	207,334	1,242,694	1,126,527
Central			776,276		776,276	517,559
Fundraising and Volunteering			503,823		503,823	442,452
Total			5,436,090	234,757	5,670,847	4,844,570
NET INCOME/(EXPENDITURE)			(11,470)	(26,523)	(37,993)	1,205,685
Transfers between funds		18	168,800	(168,800)
Net movement in funds			157,330	(195,323)	(37,993)	1,205,685
RECONCILIATION OF FUNDS
Total funds brought forward			5,269,440	1,607,842	6,877,282	5,671,597
TOTAL FUNDS CARRIED FORWARD			5,426,770	1,412,519	6,839,289	6,877,282

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f	f	f
FIXEDASSETS
Tangible assets	11	4,028,510	1,150,000	5,178,510	5,512,617
CURRENT ASSETS
Debtors	12	426,358		426,358	201,395
Investments	13	128		128	128
Cash at bank and in hand		1,612,662	262,519	1,875,181	1,510,520
		2,039,148	262,519	2,301,667	1,712,043
CREDITORS
Amounts falling due within one year	14	(570,235)		(570,235)	(253,442)
NET CURRENT ASSETS		1,468,913	262,519	1,731,432	1,458,601
TOTAL ASSETS LESSCURRENT LIABILITIES
		5,497,423	1,412,519	6,909,942	6,971,218
CREDITORS
Amounts falling due after more than one	15	(70,653)		(70,653)	(93,936)
year
NET ASSETS		5,426,770	1,412,519	6,839,289	6,877,282
FUNDS	18
Unrestricted funds				5,426,770	5,269,440
Restricted funds				1,412,519	1,607,842
TOTAL FUNDS				6,839,289	6,877,282

				2022	2021
		Notes		f	E
Cash flows from operating	activities
Cash generated from operations				176,344	851,359
Interest paid				(135)
Net cash provided by operating activities				176,209	851,359
Cash flows from investing	activities
Purchase oftangible fixed	assets				(329,071)
Reclassification of lease premium				210,000
Interest received				1,565	906
Net cash provided by/(used	in) investing		activities	211,565	(328,165)
Cash flows from financing	activities
Loan repayments in year				(23,113)	(22,943)
Net cash (used in)/provided	by financing		activities	(23,113)	(22,943)
Change in cash and cash equivalents		in
the reporting period				364,661	500,251
Cash and cash equivalents	at the
beginning ofthe reporting	period			1,510,520	1,010,269
Cash and cash equivalents	at the end
ofthe reporting period				1,875,181	1,510,520

	RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH FLOW	FROM OPERATING	FROM OPERATING
	ACTIVITIES
							2022		2021
							f		f
	Net (expenditure)/income			for the reporting	period	(as per the
	Statement ofFinancial Activities)						(37,993)	1,205,685
	Adjustments for:
	Depreciation charges						124,107	193,298
	Interest received						(1,565)		(906)
	Interest paid						135
	Impairment ofproperties								57,074
	(Increase)/decrease		in debtors				(224,963)		72,754
	Increase/(decrease)		in creditors				316,623		(1,546)
	Donation in kind							(675,000)
	Net cash provided	by operations					176,344	851,359
2.	ANALYSIS OF CHANGES IN			NET FUNDS
						At 1.4.21	Cash flow	At	31.3.22
						f	f		f
	Net cash
	Cash at bank and in hand					1,510,520	364,661	1,875,181
						1,510,520	364,661	1,875,181
	Liquid resources
	Deposits included	in	cash
	Current asset investments					128			128
						128			128
	Debt
	Debts falling due within 1year					(22,943)	(170)		(23,113)
	Debts falling due after 1year					(93,936)	23,283		(70,653)
						(116,879)	23,113		(93,766)
	Total					1,393,769	387,774	1,781,543

3.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
							2022	2021
							f	f
	Donations						608,154	382,316
	Legacies						63,736	10,036
	Grants						24,968	166,527
							696,858	558,879
	Grants received, included			in the above, are	as follows:
							2022	2021
							f	f
	Government		grants				24,968	166,527
4.	INVESTMENT INCOME
							2022	2021
							f	f
	Deposit account interest						1,565	906
5.	INCOME FROM CHARITABLE ACTIVITIES
					Byron,
					Manor and	Recovery	Move on	Homelessness
					Lyndhurst f	Services f	Housing f	Services f
	Housing Benefit				1,110,333	426,817	1,088,379
	Housing Support Services				223,632	263,233	85	8,742
	Service Charge				47,104	35,562	113,567	10
	Grants				114,126	3,304	80,965	1,153,777
	Fundraising		Events
	Charitable	Trusts			1,584		3,541	113,479
					1,496,779	728,916	1,286,537	1,276,008
							2022	2021
							Total	Total
					Central	Fundraising	activities	activities
					f	f	f	f
	Housing Benefit						2,625,529	3,125,051
	Housing Support Services						495,692	498,510
	Service Charge						196,243	224,264
	Grants				8,786	4,465	1,365,423	1,355,242
	Fundraising		Events			131,040	131,040	177,179
	Charitable	Trusts			900	1,000	120,504	110,224
					9,686	136,505	4,934,431	5,490,470

6.	CHARITABLE	ACTIVITIES COSTS
				Support
			Direct	costs (see	2022	2021
			Costs	note 7)	Totals	Totals
			f	f	f	f
	Byron, Manor	and Lyndhurst	1,134,073	76,097	1,210,170	1,189,116
	Recovery Services		600,014	44,007	644,021	568,688
	Move on Housing		1,246,899	46,964	1,293,863	1,000,228
	Homelessness	Services	1,152,360	90,334	1,242,694	1,126,527
	Central		752,469	23,807	776,276	517,559
	Fundraising and Volunteering		466,841	36,982	503,823	442,452
			5,352,656	318,191	5,670,847	4,844,570
7.	SUPPORT COSTS
				Governance	2022	2021
			Management f	totals f	costs f	Totals f
	Byron, Manor	and Lyndhurst	63,322	12,775	76,097	61,305
	Recovery Services		31,643	12,364	44,007	41,383
	Move on Housing		34,150	12,814	46,964
	Homelessness	Services	75,188	15,146	90,334	30,652
	Central		21,122	2,685	23,807	926
	Fundraising and Volunteering		23,643	13,339	36,982	18,996
			249,068	69,123	318,191	153,262

			2022	2021
			f	f
Depreciation	—owned	assets	124,107	193,298

STAFF	COSTS
		2022	2021
			f
Wages	and salaries	3,279,117	2,862,872
Social	security costs	279,301	231,960
Other	pension costs	73,258	62,988
		3,631,676	3,157,820

2022	2021
155	134

The num f60,000	ber of employees whose employee b was:	enefits (excluding employer pension co	sts) exceed
		2022	2021
E60,001	- E70,000	1	1

TANGIBLE FIXEDASSETS - continued
	Freehold		Lease
	property	Land	Premium
	f	f	f
COST
At 1st April 2021	5,318,347	977,124	210,000
Disposals			(210,000)
At 31st March 2022	5,318,347	977,124
DEPRECIATION
At 1st April 2021	1,063,500
Charge for year	102,171
At 31st March 2022	1,165,671
NET BOOK VALUE
At 31st March 2022	4,152,676	977,124
At 31st March 2021	4,254,847	877,124	210,000
	Improvements
	to	Motor
	property	vehicles	Totals
	E	E	f
COST
At 1st April 2021	256,703	98,413	6,860,587
Disposals			(210,000)
At 31st March 2022	256,703	98,413	6,650,587
DEPRECIATION
At 1st April 2021	256,703	27,767	1,347,970
Charge for year		21,936	124,107
At 31st March 2022	256,703	49,703	1,472,077
NET BOOK VALUE
At 31st March 2022		48,710	5,178,510
At 31st March 2021		70,646	5,512,617

DEBTORS
		2022	2021
		f	f
Amounts falling due within one year:
Trade debtors		150,635	122,404
Other debtors		7,750	2,500
Prepayments	and accrued income	68,473	76,491
		226,858	201,395
Amounts falling due after more than one year:
Other debtors		199,500
Aggregate amounts		426,358	201,395

					2022	2021
					f	f
Listed investments					128	128
The market value of listed			investments	at 31March 2022 was f128(2021:E128).
CREDITORS: AMOUNTS		FALLING DUE		WITHIN ONE YEAR
					2022	2021
					f	E
Bank loans and overdrafts			(see note 16)		23 113	22,943
Trade creditors					101,644	99,441
Social security and other			taxes		70,315
Other creditors					14,550	12,000
Accruals and deferred	income				360,613	119,058
					570,235	253,442

CRED	ITOR	S: AM	OUN	TS FALLING DUE AFTER MORE	THAN ONE YEAR
					2022	2021
					E	f
Bank	loans	(see	note	16)	70,653	93,936

An analysis	ofthe maturity	ofloans is given below:
			2022	2021
			f	f
Amounts falling due within		one year on demand:
Bank loans			23 113	22,943
Amounts falling due between two and five years:
Bank loans	- 2-5 years		70,653	91,770
Amounts falling due in more than five years:
Repayable	by instalments:
Bank loans	more 5yr by instal			2,166

	2022	2021
	f	f
Within one year	106,998	79,071
Between one and five years	63,917	122,461
	170,915	201,532

			Net	Transfers
			movement	between	At
		At 1.4.21	in funds	funds	31.3.22
		f	f	f	f
Unrestricted funds
General fund		4,924,880	83,504	354,800	5,363,184
Designated funds - West Hill, East
Grinstead		147,873	(91,733)		56,140
Designated fund -	PRSand
Personalisation Budget		10,687	(3,241)		7,446
Other general funds		186,000		(186,000)
		5,269,440	(11,470)	168,800	5,426,770
Restricted funds
WSCC PHE Capital	Funding Scheme	1,155,000			1,155,000
YMCA		120,000		(120,000)
Albert Hunt Trust		5,000	(5,000)
Worthing Borough	Council	48,000		(48,000)
Adur Furniture Network		154,387			154,387
Dr Chesters Charity		800	900	(800)	900
Ravenscourt		124,655	(22,423)		102,232
		1,607,842	(26,523)	(168,800)	1,412,519
TOTAL FUNDS		6,877,282	I37,993)		6,839,289

			Incoming	Resources	Movement
			resources	expended	in funds
			f	f	f
Unrestricted	funds
General fund			5,424,620	(5,341,116)	83,504
Designated	funds - West Hill, East
Grinstead				(91,733)	(91,733)
Designated	fund	- PRS and
Personalisation		Budget		(3,241)	(3,241)
			5,424,620	(5,436,090)	(11,470)
Restricted funds
Albert Hunt	Trust			(5,000)	(5,000)
The Big Lottery funding			205,334	(205,334)
Dr Chesters	Charity		900		900
Ravenscourt				(22,423)	(22,423)
Bus Fund			2,000	(2,000)
			208,234	(234,757)	(26,523)
TOTAL FUNDS			5,632,854	(5,670,847)	(37,993)

			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
		f	f	f	f
Unrestricted funds
General fund		4,348,388	539,292	37,200	4,924,880
Designated funds	-West Hill, East
Grinstead		185,073		(37,200)	147,873
Designated fund —PRSand
Personalisation Budget		11,387	(700)		10,687
Other general funds		186,000			186,000
		4,730,848	538,592		5,269,440
Restricted funds
WSCC PHE Capital	Funding Scheme	480,000	675,000		1,155,000
YMCA		120,000			120,000
Albert Hunt Trust			5,000		5,000
Worthlng Borough	Council	48,000			48,000
Adur Furniture Network		154,387			154,387
Dr Chesters Charity		800			800
Ravenscourt		136,157	(11,502)		124,655
Compass bus grant		750	(750)
Pier Window		655	(655)
		940,749	667,093		1,607,842
TOTAL FUNDS		5,671,597	1,205,685		6,877,282

		Incoming	Resources	Movement
		resources	expended	in funds
		f	f	f
Unrestricted funds
General fund		5,007,897	(4,468,605)	539,292
Designated fund	- PRS and
Personalisation	Budget		(700)	(700)
		5,007,897	(4,469,305)	538,592
Restricted funds
WSCC PHE Capital Funding Scheme		675,000		675,000
MEAM		66,788	(66,788)
Albert Hunt Trust		5,000		5,000
The Big Lottery funding		294,770	(294,770)
Dr Chesters Charity		800	(800)
Ravenscourt			(11,502)	(11,502)
Compass bus grant			(750)	(750)
Pier Window			(655)	(655)
		1,042,358	(375,265)	667,093
TOTAL FUNDS		6,050,255	(4,844,570)	1,205,685

				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	31.3.22
			f	f	f	f
Unrestricted funds
General fund			4,348,388	622,796	392,000	5,363,184
Designated funds - West Hill, East
Grinstead			185,073	(91,733)	(37,200)	56,140
Designated fund		- PRSand
Personalisation		Budget	11,387	(3,941)		7,446
Other general	funds		186,000		(186,000)
			4,730,848	527,122	168,800	5,426,770
Restricted funds
WSCC PHE Capital Funding Scheme			480,000	675,000		1,155,000
YMCA			120,000		(120,000)
Worthing Borough Council			48,000		(48,000)
Adur Furniture	Network		154,387			154,387
Dr Chesters Charity			800	900	(800)	900
Ravenscourt			136,157	(33,925)		102,232
Compass bus grant			750	(750)
Pier Window			655	(655)
			940,749	640,570	(168,800)	1,412,519
TOTAL FUNDS			5,671,597	1,167,692		6,839,289

MOVEMENT IN FUNDS - c	MOVEMENT IN FUNDS - c	ontinued
A current year 12months		and prior year	12 months	combined	net movement		in funds:
					Incoming	Resources		Movement
					resources	expended		in funds
					f		f	f
Unrestricted funds
General fund				10,432,517		(9,809,721)		622,796
Designated funds-	West Hill, East
6rinstead							(91,733)	(91,733)
Designated fund -	PRS and
Personalisation Budget							(3,941)	(3,941)
				10,432,517		(9,905,395)		527,122
Restricted funds
WSCC PHE Capital	Funding	Scheme			675,000			675,000
MEAM					66,788		(66,788)
Albert Hunt Trust					5,000		(5,000)
The Big Lottery funding					500,104	(500,104)
Dr Chesters Charity					1,700		(800)	900
Ravenscourt							(33,925)	(33,925)
Bus Fund					2,000		(2,000)
Compass bus grant							(750)	(750)
Pier Window							(655)	(655)
				1,250,592		(610,022)		640,570
TOTAL FUNDS				11,683,109		(10,515,417)		1,167,692
Designated Funds
West Hill
Following the acquisition ofthe Richard			Housing Association		the charity	has	decided to	designate the
value of cash held	and the	investments	at the date	oftransfer, together		with	an amount	equal to the
Social Housing Grant, for the use in relation to West Hill, East Grinstead.